Barrels and Ammunition - Keith Rabois

Always remember that in the world of private equity, your reputation means everything. Be true to your word and deliver on what you promise..

Executives If you succeed, at some point you need to hire executives. Engineers In the technology business, you can never know enough great engineers. Press and analysts We have a saying around the firm: Show it, sell it; hide it, keep it. Investors and acquirers Being venture capitalists, providing access to money was obvious.

Steve Jobs explain Management by Values

Key takeaways:

• Finding great people is the most important lesson in business due to the large variance in quality.

• Great people are often missionaries, not mercenaries.

• Individual contributors can be phenomenal even when management and culture is poor.

• Passion for the company can be a motivating factor for

Finding up-and-coming people is a very important component of hiring. Technology executive and investor Keith Rabois has a good saying: “Hire geniuses no one knows yet.” My version is: “Hire people who are hungry and can teach us something.”

Everyone has a say.

 One thing I'm always on the lookout for with people. Are they moving quickly? Are they evolving quickly? In my view, at the end of the day, when you're betting on a founder, especially if the market's not super clear, what you're trying to do is, you're trying to predict that, that particular person will have as many shots on goal as possible